Outsourcing: Brazil Blossoms as IT Services Hub CapGemini's $300 million bet on Brazilian outsourcer CPM Braxis is another sign of a sizzling South American IT services market. But much of the activity remains focused on serving local Latin American customers rather than winning over U.S.-based clients.

Despite Violence, Mexico's Economy Begins to Improve Despite terrible problems, once the U.S. recovery begins to create jobs, remittances from Mexican nationals working north of the border will begin to add marginal momentum to Mexico's economic growth and, hence, to its market prospects.

A Whale of a Share Sale Here's one for the record books: Petrobras has raised about $70 billion from a long-awaited equity offering -- and that's just the first stage. A follow-on round could boost the total raised by 25%. They're selling, but should you buy?